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Fouzia's Group
In this Group: Fouzia, Naseem Bibi, Tahira, Kosar Parveen, Fozia Noreen
Fouzia is married and her husband is a school teacher. He teaches different classes of students. His students admire his style of teaching and like him very much. Fouzia is the mother of three sons and a daughter. Her two elder sons are rickshaw drivers and her remaining two children are getting their education. Fouzia is a housewife who stays at home and does her household responsibilities.

She has applied for a loan from Kiva partner Asasah for one of her sons who wants to buy a new rickshaw. Currently, he drives a rented rickshaw, which has minimized his income potential. By purchasing his own rickshaw, he will be able to earn more profits and will become an owner of his own business asset. Fouzia is very hopeful that an investment will bring more profits to her son and her family will be able to enjoy better living facilities as a result of his better income.

Note: In the photo, the lady raising her hand is Fouzia.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Pakistan

  • $4,700
    Average annual income
  • 206
    View loans »
    Pakistan Loans Fundraising
  • $14,448,675
    Funds lent in using Kiva
  • 86.8
    Pakistan Rupees (PKR) = $1 USD

Success!! The loan was 100% repaid

A portion of Fouzia's Group's $1,050 loan helped a member to buy a new rickshaw.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012